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China Central Bank ‘Blacklists’ Local Bitcoin OTC Merchants

China Central Bank ‘Blacklists’ Local Bitcoin OTC Merchants – Decrypt

Bitcoin kept on a Chinese banknote. Image: Shutterstock In brief Bitcoin and crypto OTC dealers in China are facing widespread issues in the country. Those found transacting in crypto may see thier bank accounts suspended for five years. The move is part of a broader crackdown on money laundering in China.